SS Retail IPO
SS Retail IPO is a mainboard IPO raising ₹500 Cr at ₹403 – ₹424 a share. It listed on 23 Sept 2026 at ₹624, +47.2% against its issue price of ₹424, and trades at ₹658 today (+55.3% since issue). It was subscribed 103× in total.
103.3 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Where your money goes
Only the fresh issue reaches the company. The offer for sale is existing shareholders selling their own stock — that money goes to them, not the business.
A red herring prospectus is filed before the price is fixed, so it states share counts rather than rupee amounts. stated in prospectus. Checked: exchange issue size Rs501 Cr vs derived Rs500 Cr (0.2% apart).
What the fresh money funds
The stated uses of the net proceeds, from the prospectus’s Objects of the Issue table. Only the fresh issue funds these — the offer-for-sale money goes to the selling shareholders above.
As stated in the prospectus. “General corporate purposes” is the part with no committed use; SEBI caps it at 25% of the issue.
The price they’re asking
From the prospectus’s own “Basis for Issue Price” — the issuer’s earnings multiple against the peers it chose to compare itself with.
Priced 135% above the median multiple of the peers the issuer itself names.
| Listed peer (issuer’s choice) | P/E | RoNW | EPS |
|---|---|---|---|
| Aditya Vision Limited | 66.29× | 18.38% | ₹9.05 |
| Electronics Mart India Limited | 62.66× | 6.81% | ₹2.78 |
| Jay Jalaram Technologies Limited | 14.41× | 13.74% | ₹8.59 |
| Fonebox Retail Limited | 15.08× | 17.94% | ₹6.63 |
| Bhatia Communications & Retail (India) Limited | 24.44× | 15.16% | ₹1.31 |
| Umiya Mobile Limited | 8.46× | 29.32% | ₹7.09 |
| This issue | 46.5× | 32.6% | ₹9.11 |
derived: cut-off price Rs424 / stated EPS Rs9.11 (Fiscal 2026 (Consolidated), diluted EPS computed per IND AS 33). Peer figures are as printed in the prospectus — they date from its filing, not today. A multiple is one lens, not a verdict.
Terms of the issue
The mechanics of what is being sold. Held for every issue we track.
Not here yet
The anchor-investor allocation — which institutions were allotted shares before bidding opened — is still to be read out of its document.